• 23/06/2024 01:41

Joint purchase of weapons from the EU will save at least 42 billion euros per year, – European Commissioner

This will minimize the fragmentation of the various weapons systems that exist in Europe, said Johannes Hahn.

Joint purchase of weapons from the EU will save at least 42 billion euros per year, - euro budget Johannes Hahn 

<p>European countries Union must move to joint production of weapons and their joint purchase.</p>
<p>This was stated by European Commissioner for the Budget Johannes Hahn during a speech in the Austrian Parliament during a ceremony on the occasion of Europe Day, writes Ukrinform.</p>
<p> < p>Gan believes that this will save budgetary funds and “minimize the fragmentation of the various weapons systems existing in Europe.”</p>
<p>“If only 40% of annual defense investment purchases were made jointly, then more than 24 billion euros per year,” said the European Commissioner.</p>
<p>Gan is also convinced that the EU cannot stand aside from Russia’s war of aggression against Ukraine, since this would be a “fatal thing” that it could do.</p>
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<ul>
<li>The gap between the capabilities of Ukrainian companies to produce weapons and the funding aimed at their use in 2024 is $10 billion. The Ukrainian military-industrial complex is capable of producing products worth $20 billion per year. Of these, 6 billion are contracted, the department wants to cover 4 billion inside Ukraine, so <b>$10 billion is funding that partners can provide.</b></li>
<li>EU High Representative Josep Borrell at the Defense Industry Forum EU-Ukraine in Brussels said that EU countries could purchase weapons for Ukraine from Ukrainian defense companies and quickly transfer them for military support to Kyiv.</li>
</ul>
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